Analysis Intermediate: Is Your Retirement Portfolio on Track?

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1.
You can receive Social Security benefits before you reach your full retirement age.
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True. You can, although they will be diminished.
2.
How often should you reevaluate whether your portfolio is on track to meet your retirement needs?
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Every few years. You don't need to go through this exercise each time you take a look at or rebalance your portfolio, but it's a good idea to run through the numbers every few years so that you're not caught by surprise when retirement comes.
3.
What's a fair figure to use as an expected return for bonds?
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5% per year. Intermediate-term bonds have returned 5% per year, on average, since 1926, according to Morningstar.
4.
When the Social Security Administration sends you your personal Social Security Statement, your estimated benefits will be stated in _______.
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Today's dollars. Your benefits will be stated in today's dollars, per month. However, Social Security benefits rise with inflation; therefore, they will likely be higher when you finally retire.
5.
When calculating expected returns for stocks, what number would be fairest to use?
Choose wisely. There is only one correct answer.
10% per year. Though stocks have sometimes performed better during past periods, we recommend a more conservative number--the roughly 10% per year that stocks have returned since 1926.